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Definition of a command economy?
A command economy is a system where the government, rather than the free market, determines what goods should be produced, how much should be produced and the price at which the goods are offered for sale.
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Asked 7/22/2016 10:41:40 AM
Updated 7/22/2016 11:19:38 AM
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Edited by yumdrea [7/22/2016 11:19:38 AM]
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A command economy is a system where the government, rather than the free market, determines what goods should be produced, how much should be produced and the price at which the goods are offered for sale.

Added 7/22/2016 11:00:30 AM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [7/22/2016 11:19:40 AM]
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Questions asked by the same visitor
Definition of a Command economy?
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Updated 5/9/2019 12:38:54 PM
1 Answer/Comment

A command economy is an economy in which the government plans all aspects of production, resource usage, and the prices at which goods and services will be sold.

Added 5/9/2019 12:38:54 PM
This answer has been confirmed as correct and helpful.
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